06 Jul
Posted by Brian Anderson as Finance Help
Investments in Brazil’s transport logistics and basic sanitation sectors are forecast to hit some 257bn reais (US$165bn) by 2015, according to a survey by infrastructure and basic industries association Abdib.
Investment in transport and logistics should reach 172bn reais and sanitation will receive some 85bn reais, Abdib said in a report.
While the numbers look promising for the next few years, the country needs to overcome obstacles such as long-term financing conditions, time-consuming preparatory processes for projects and the availability of skilled labor, according to Abdib president Paulo Godoy.
Overall, Abdib forecasts that infrastructure investments in Brazil will total 922bn reais up to 2015. Of the total, 142bn should go towards electric energy, 425bn reais for oil and gas and 98.5bn reais for telecommunications.
06 Jul
Posted by Brian Anderson as Finance Help
Chile’s fifth largest bank, CorpBanca (NYSE: BCA), will this year launch a wealth management unit to cater to high net worth customers, Уscar Cerda, the bank’s head of private and corporate banking, told BNamericas.
The bank currently has some 5,000 customers in this segment, and the idea is to grow that figure by 30-40% in time, he said.
Cerda said it was still undecided whether the unit would be based at CorpBanca’s headquarters in capital Santiago, or at one of the bank’s main branches.
“But the decision has already been made, and the idea is to do something powerful to grow significantly in that segment,” he said.
CorpBanca commands roughly a 7% loan market share locally and is in the process of carrying out a 327bn-peso (US$674mn) capital increase, which will lift its capital base by 15%.
05 Jul
Posted by Allison Thomas as Corporate Finance
“We’re not giving out any details now, but it’s been in the planning for some time to build an assembly plant in SA,” said Mumbai-based spokesman Debasis Ray.
05 Jul
Posted by Allison Thomas as Corporate Finance
Benchmark oil for August delivery was down 34 cents to US$94.60 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude last settled down 48 cents at US$94.94 on Friday. Financial markets in the U.S. were closed Monday for the Independence Day holiday.
In London, Brent crude for August delivery was down 41 cents to US$111 a barrel on the ICE Futures exchange.
In other Nymex trading in August contracts, heating oil fell 2.6 cents to US$2.90 a gallon while gasoline fell 2.2 cents at US$2.95 a gallon. Natural gas futures rose 0.8 cent at US$4.32 per 1,000 cubic feet.
MAYNARD, Mass. — Monster Worldwide on Monday launched BeKnown, a professional networking app designed to allow Facebook users to establish a professional network. Users can seamlessly identify and connect with friends and professional contacts from multiple sources and grow their professional networks, enhance their online professional identities and discover enriching career opportunities.
BeKnown is now available for download at apps.facebook/beknown in 19 different languages, and is accessible by any Facebook user.
“BeKnown answers the need and challenge in the marketplace for people to build their professional networks on Facebook while keeping personal and work-related contacts and contentpletely separate,” said Darko Dejanovic, global CIO and head of product at Monster Worldwide. “An estimated 700 million people globally live their lives through Facebook and 97 percent of the Fortune 500panies turn to Monster to find talent.